Bursa-Malaysia-KLSE

TOP 100 Stocks Money Flow

Joeharee Matt — Tue, 29 Sep 2015 10:59:00 +0000

TOP 10 NET MONEY INFLOWS • Public Bank registered the highest net money inflow of RM39.55m last week. Nonetheless, its share price fared worse than the market benchmark as it recorded a -4.97% weekly slump. In comparison, the FBM KLCI retreated by -3.26% during the review week. It must be highlighted that net money infl ow amidst retreating share price indicates buy on weakness (BOW) stance

Overweight On Construction Sector

Joeharee Matt — Mon, 28 Sep 2015 10:59:00 +0000

DASH and SUKE to get going? - The Edge Weekly reported over the weekend that plans to push forth the construction of the Damansara-Shah Alam Elevated Expressway (DASH) and Sg.Besi-Ulu Kelang Elevated Expressway (SUKE) appears to be moving again. DASH (21km) is estimated to cost RM4.2bil. It is a three-lane dual carriageway that traverses from Puncak Perdana (near University Teknologi Mara) to

The FBM KLCI Chart Brief

Joeharee Matt — Mon, 28 Sep 2015 10:55:00 +0000

The FBM KLCI gapped down at the start of the session, but managed to recover to end marginally higher at 1,615.01 pts (+1.84 pts). The MACD Histogram, however, extended another red bar but the RSI is above 50. Resistance will be set around 1,660. Support will be located around 1,600. by Malacca Securities

Property Sector Outlook

Joeharee Matt — Wed, 23 Sep 2015 11:00:00 +0000

On Hibernation Mode Sentiment remains sour. The prolonged demand softness due to deteriorating affordability and more stringent lending continue to weigh down the property sector. Sales growth therefore has slowed down with several developers already toning down their sales target from the beginning of the year. Stringent Lending. Loan application growth for residential properties continued to

FBM KLCI Brief Technical Outlook

Joeharee Matt — Wed, 23 Sep 2015 10:53:00 +0000

Follow-through selling pressure was noted on the FBM KLCI and it ended below the EMA9 level. The MACD Histogram extended another red bar, but the RSI is hovering above 50. The FBM KLCI may be due for a technical rebound towards the resistance of 1,650. Meanwhile, the support will be set around 1,600. by Malacca Securities Sdn Bhd

Malaysian Banking Sector Review

Joeharee Matt — Tue, 22 Sep 2015 10:10:00 +0000

Investment Highlights  - Ongoing downward trend for foreign shareholding of banking stocks in the last two months. Based on the latest available data, the banks have continued to experience a downward trend in terms of foreign shareholdings in recent months. - CIMB’s foreign shareholding touching new lows. CIMB’s foreign shareholding had declined further to 28.5% in August 2015, from 29.0% in

Bursa Malaysia Market Update

Joeharee Matt — Tue, 22 Sep 2015 09:56:00 +0000

The FBM KLCI might add a few points today following the rebound of global stocks overnight that clawed back some of the losses due to the Federal Reserve’s inaction last week. The FBM KLCI might add a few points today following the rebound of global stocks overnight that clawed back some of the losses due to the Federal Reserve’s inaction last week. Meanwhile, the dollar extended Friday’s

Malaysian Technology Sector Outlook

Joeharee Matt — Mon, 21 Sep 2015 10:27:00 +0000

SEMI: Resilient despite Macro Fluxes Highlights In our recent tech forum, we were privileged to have Mr. Ng Kai Fai, President of SEMI Southeast Asia to share more clarity on the sector’s outlook and insight. Although worldwide semiconductor 3-month moving average (3MMA) sales fell by 0.9% yoy in July 2015, its first decline since April 2013, SEMI is not overly concern and attributed this to

FBMKLCI to Consolidate on Profit Taking Pressure

Joeharee Matt — Mon, 21 Sep 2015 10:12:00 +0000

Share prices on Bursa Malaysia extended gains for a second week. The FBMKLCI breached the 1,600 psychological level last week as investors reacted positively to Special Economic Committee's measures to stabilize the stock market with the reactivation of ValueCap with funds of up to RM20bn to shore up the local stock market. Meanwhile, global market sentiment also got a boost from the U.S

Publicinvest: Overweight On Oil & Gas

Joeharee Matt — Thu, 17 Sep 2015 10:57:00 +0000

Various events such as the Greek debt crisis and the recent devaluation of the Yuan dampened the prospects of a sooner-than-expected recovery, with further uncertainties from the much-awaited Federal Reserve interest rate hike that could either quicken or delay the upward push on crude oil prices. For some relief, OPEC’s monthly oil report predicted higher demand of c.30.3mbbls/day (+190,000bbls/

Malaysian Ringgit Offshore-Onshore Spread Signal

Joeharee Matt — Tue, 15 Sep 2015 07:28:00 +0000

NDF foretelling Ringgit respite? Equity market regains some upside KLCI: 1,603.36 points 2015 Year-end Target: 1,650 points …which spiked up to almost 1,000 pips near mid-August… Henceforth, the underlying pressure returned more strongly. In the ensuing months of June to August 2015, the spread of USD/MYR offshore-onshore forward rates expanded progressively and eventually spiked up to almost

FBM KLCI Weekly Technical Outlook

Joeharee Matt — Mon, 14 Sep 2015 10:28:00 +0000

Negative Sentiments Remains - 14 Sep 2015 FBM KLCI Weekly Chart Weekly Recap Trading on Wall Street resumed on a positive tone after the Labour Day public holiday on the back of stabilising China stockmarket. The Dow rallied 390.30 pts to 16,492.68 pts on Tuesday led by technology stocks like Apple Inc. and Amazon.com Inc. However, the Dow retreated on Wednesday as crude oil price dipped

You and me and the index named KLCI - part 1

Joeharee Matt — Wed, 09 Sep 2015 07:50:00 +0000

KLCI moves fast and stocks you are holding moves very, very slow, right? KLCI moved a lot and stocks in your portfolio moved a bit, right? Then you curse on the KLCI, right?You are not alone. I have been asking KLSE participants (investor, trader, punter, remiser, dealer, D.I.Y. analyst) on FBM KLCI compared to old KLCI for the last few weeks. They have a common opinion, "FBM KLCI moves fast

How to perform FBM KLCI magic

Joeharee Matt — Thu, 03 Sep 2015 07:07:00 +0000

Do you know what they mean by saying, "Oh, the market is going to do magic after this."They are jokingly referring to the event when the CI was down, say between -8 to -12 point for the whole day, but when it come to close time, it is on positive side, say +2 pt. How to do the same magic? You already know how the tricks is done, anyway here is the refreshment tutorial: First we need to select

FBM KLCI Weekly Chart

Joeharee Matt — Wed, 02 Sep 2015 09:09:00 +0000

above: FBM KLCI Weekly Chart The FBM KLCI ended higher but faced with mild resistance around the EMA20 level (1,620). The MACD Indicator, however has given a “Buy” signal, while the RSI has crossed above 30. The FBM KLCI may be due for a profit taking activities as it approaches the 1,660 level. Support will be set around 1,580. by Malacca Securities Sdn Bhd

FBM KLCI cheat sheet

Joeharee Matt — Tue, 01 Sep 2015 06:17:00 +0000

Start 6th July 2009, FBM30 will be adapted as FBM KLCI replacing previous KLCI as the market benchmark.FTSE Bursa Malaysia KLCI is made up of the 30 largest listed companies by market value, with at least a 15% free float and minimum 10% annual turnover of free-float shares.Previous KLCI has 100 component stock while the new FBM KLCI only 30. The components will be revised twice a year, June

Skyscraper, Erection Index and Malaysia Triplet Tower

Joeharee Matt — Thu, 20 Aug 2015 08:26:00 +0000

Some call it skyscraper index, some call it tallest building indicator and some call it erection index (to a man, it could mean something else though). Also some call it tower of babel indicator. It is actually a humorous look at the 'relation between large skyscrapers completion and economic cycles". According to moneyweek.com, the indicator was “nearly perfect”, showing “an

‘Earnings recession’ ending

Joeharee Matt — Wed, 05 Aug 2015 12:14:00 +0000

Market seen supported as growth returning to normalcy 2015 Year-end Target: 1,800 points KLCI: 1,699.92 points FBM KLCI ‘earnings recession’ since 2013 is likely to end soon… The earnings growth path of Malaysia’s 30 largest listed corporations has been rather dismal during the past several years despite the continued macroeconomic expansions. The odd disconnect can be attributable,

Tracking Money Flow - Malaysia

Joeharee Matt — Mon, 03 Aug 2015 13:06:00 +0000

Cautious August - Focus To Stay On Small Caps Shares • Foreign money outflow from Bursa-listed companies continued unabated last week.• Foreign investors have now been net sellers on Bursafor fourteen consecutive weeks, the longest stretchof back-to-back weekly selldown since the 2008 Financial Crisis. Last week, investors classified as “foreign” sold equity listed in the open market on Bursa (

Ho Hup Construction – Spreading Its Wings

Joeharee Matt — Wed, 01 Jul 2015 05:47:00 +0000

Buy Price: RM1.23 Target Price: (+43.1%) RM1.68 Stock Code: 5169 Ho Hup via its 75%-owned subsidiary, Ho Hup Ventures (KK) has entered into a Share Sale Agreement with Agro Padi SB to acquire a 70% stake in a Golden Wave SB (GWSB) for RM30m. The acquisition enables the Group to gain ownership of a 5-acre commercial leasehold land in Kota Kinabalu (KK), Sabah which is positioned to a mixed

Banks Are Like A Group of Junkie

Joeharee Matt — Wed, 24 Jun 2015 09:34:00 +0000

Banks think they are too fat to die. And they are like a group of junkie. Not sure? Watch this 50 second clip: A 50-seconds snippet from Robin Williams' stand up comedy titled: Weapons of Self Destruction junkie - someone who cannot stop taking illegal drugs

Tracking Money Flow - Malaysia

Joeharee Matt — Mon, 25 May 2015 13:33:00 +0000

Foreign selling of Malaysian equity does not appear to be ebbing, four weeks into the current phase of portfolio outflow. Foreign selling is expected to persist.  After three weeks of fighting to maintain the support, the market relented last week. The KLCI lost -1.35%, the third steepest decline in a week this year. With the loss, the KLCI became the worst performing among the major Asian

Oil-price rally may fizzle and pressure share prices

Joeharee Matt — Tue, 19 May 2015 12:51:00 +0000

We believe the current oil-price rally may soon fizzle as supply demand fundamentals are still negative. Some short-term kickers may have run their course while others may soon reverse. In view of a possible near-term correction in oil prices, unfavourable valuation and possible weak earnings, we downgrade heavyweights SAKP and Pchem to SELL (from HOLD), and the sector to UNDERWEIGHT. Oil price

FBM KLCI Weekly - Firmer Dow lifts the FBMKLCI

Joeharee Matt — Mon, 18 May 2015 11:25:00 +0000

FBM KLCI – Temporary support is at 1,795. Market Action The FBM KLCI rose 4.27 points WoW to close at 1,811.92, as some minor buying activities persisted. However, volume turned down from 1.75b to 1.54b shares. The index traded from 801.27 to 936.63 (Oct 2008 to Apr 2009), but broke above 936.63 (Wave a/B) in Apr 2009. Its Wave b/B low was 836.51. We traced out a Wave C/B (of a 3-3-5 Flat

Still Buying Shares? Go for Sport Betting Instead, Malaysia Need More Gambling Addicts.

Joeharee Matt — Thu, 14 May 2015 11:35:00 +0000

Sport Betting must be a really innovative product proposal from Vincent Tan, not even enough time for a call of tender. Combine the excitement of World Cup Football with the adrenaline rush of betting, you get some potent solution. That the business model to emulate.Those hardcore kaki nombor will buy more and more. Those kaki bola who never place a bet before shall be more easily

Shariah Screening: Potential In & Out Stocks 2H2015

Joeharee Matt — Thu, 14 May 2015 10:23:00 +0000

In our inaugural Shariah Screening report, we have scanned through the FBMKLCI constituents plus the Top 30 in market capitalisation for both the Shariah and nonshariah compliant companies listed on Bursa Malaysia. Our list is on a best effort basis nonetheless there is still the presence of limitation for a thorough screening process. For companies where there are no disclosure of its mode of

Kawan Food Berhad – Company Update

Joeharee Matt — Thu, 30 Apr 2015 10:12:00 +0000

Price: RM1.87 Target Price: (+12.3%) RM2.10 For food lovers by a food lover We met up with the management recently and came out with enhanced assessment of the company. Prospects of the company is only to get better once its unrivalled facility in Pulau Indah comes onstream. We therefore re-introduce our FY15 and FY16 earnings forecast higher at RM25.0m (+15%) and RM29.7m (+10%) respectively plus

Invest Malaysia 2015: Keynote Address

Joeharee Matt — Fri, 24 Apr 2015 09:54:00 +0000

Bismillahhirahman Nirrahim. Assalammualaikum Warahmatullahi Wabarakatuh A very good morning and Salam 1 Malaysia. Yang Amat Berhormat Tan Sri Muhyiddin Yassin; Deputy Prime Minister, Yang Berbahagia Tan Sri Amirsham Abdul Aziz;Chairman Bursa Malaysia, Ministers,Distinguished guests,Ladies and gentlemen, 1. It is my pleasure to welcome you today to Invest Malaysia 2015. This is our eleventh

Proton-Goldstar JV in Lotus Position

Joeharee Matt — Tue, 21 Apr 2015 11:03:00 +0000

DRHB_Hicom Price: RM1.91 Target Price: RM2.15 News- In an announcement to Bursa Malaysia, DRB-HICOM (DRB) via wholly-owned subsidiary companies namely Proton Holdings Berhad (PHB) and Lotus Group International Limited (LGIL) have entered into an equity Joint Venture (JV) agreement with Goldstar- Heavy Industrial Limited (Goldstar) to form a joint venture entity called Goldstar Lotus Automobile Co

TRACKING MONEY FLOW - MALAYSIA

Joeharee Matt — Mon, 13 Apr 2015 10:36:00 +0000

Foreign funds continue the gradual rebuilding of their Malaysian equity portfolio. • Investors classifi ed as “foreign” have been net buyers in the open market on Bursa (i.e excluding off-market deals) for four consecutive weeks now. The amount mopped up last week rose to RM354.4m, the highest in three weeks.• Foreign investors were net buyers every day last week, except on Thursday. Buying

PEG-based Assessment of Major Sectors

Joeharee Matt — Mon, 30 Mar 2015 08:54:00 +0000

PEG-based assessment: Among the major sectors in FBM KLCI KLCI: 1,809.13 (2015 Year-end Target: 1,900 points) above: Forward earnings and growth forecasts of FBM KLCI constituents (As at 19 March 2015) Consensus expects a rebound in earnings growth next year. As mentioned in our earlier Strategy report dated 12March, the tepid earnings growth of last year may continue on into this year. This

Telekom Malaysia Bhd Analysis

Joeharee Matt — Fri, 27 Feb 2015 05:34:00 +0000

Bags RM3.4b Broadband Project Stock Code 4863 (TM) Price: RM6.98 Target Price: RM6.92 News: Yesterday, Telekom Malaysia (TM) announced the acceptance of Letter of Award (LoA) from the government of Malaysia for the implementation of High-Speed Broadband Phase 2 (HSBB 2) and Sub Urban Broadband (SUBB) project to deploy the access and domestic core networks to deliver an end-to-end HSBB

UMW Oil & Gas Analysis

Joeharee Matt — Sat, 21 Feb 2015 16:23:00 +0000

In with the new(builds) Naga 7 will be delivered by month-end as scheduled, we learned from our recent communication with management. In typical UMW-OG style, the jack-up was snapped up for work six months before the construction is completed. Naga 8, which will be delivered in Sep, is still not contracted, but we think that it will not be for long as management actively bids for 29 contracts

Malaysia’s Government Resilient Enough To Weather Lower Crude Oil Price

Joeharee Matt — Wed, 10 Dec 2014 13:52:00 +0000

Federal Government expenditure has grown tremendously in the last 10 years. Much of the revenue to finance the expenditure has been petroleum-related. The significant retracement in crude oil price has raised concerns whether revenue and hence government expenditure will be severely affected. However, we believe these concerns may be exaggerated as the Government’s revenue exposure to falling oil

Foreign Fund Flow Into Malaysian Equity

Joeharee Matt — Tue, 25 Nov 2014 11:42:00 +0000

TRACKING MONEY FLOW – MALAYSIA• Global funds’ aversion towards Malaysian equity is attested by the gradual but persistent outflows of late.The local bourse has received only two weeks of foreign fund inflows thus far in the fourth quarter of this year.• Investors classified as “foreign” continued selling of Malaysian equity. These foreign investors sold a net total of –RM141.6m of Malaysian

Merger Proposal of CIMB-RHBCap-MBSB

Joeharee Matt — Mon, 27 Oct 2014 13:05:00 +0000

The Edge Malaysia Weekly carried an article that Aabar Investments PJS may now be in favour of the merger proposal involving CIMB-RHBCap-MBSB, believing that the merger synergies will be positive. The merger, of which will create the 4th largest bank in ASEAN, will see synergies such as a wider regional presence for each entity and increased cost efficiencies.(Source: The Edge Malaysia)Comment:

KLCI - SEPTEMBER BLUES, OCTOBER AHOY!

Joeharee Matt — Mon, 29 Sep 2014 15:50:00 +0000

FBM KLCI: This Week Ahead • The market is heading towards its worst September in three years. The KLCI had lost -1.4% for the month, as of last Friday. There could be some end-quarter window dressing in the last two trading days of 3Q14, but we do not expect much impact on the overall direction of the market. As we have expected, September has been an unpredictable month, exhibiting bias towards

FBM KLCI – Treading water here

Joeharee Matt — Mon, 08 Sep 2014 11:10:00 +0000

Market ActionThe FBM KLCI inched up 2.35 points WoW to close at 1,868.46, as some minor nibbling activities led the index up after the previous week’s sell-off. Volume fell from 3.00b to 2.52b shares last week.The index consolidated in a range of 801 to 936 from Oct 2008 to Apr 2009, but broke above 936.63 (Wave a/B) in Apr 2009. Its Wave b/B low was 836.51. We traced out a Wave C/B (of the Flat

Market Likely to Correct Post Today’s 1H14 Window Dressing

Joeharee Matt — Mon, 30 Jun 2014 11:01:00 +0000

Blue chips on Bursa Malaysia slipped into profit-taking correction mode late last week, reversing earlier first-half window-dressing gains due to increased geopolitical concern over Iraq and downward revision to United States economic growth. Sentiment was adversely affected by comments from a US Federal Reserve official on the possibility of raising interest rates by the end of the first quarter

Malaysia – CPI : Core Inflation Improved

Joeharee Matt — Thu, 26 Jun 2014 11:13:00 +0000

Malaysia Core inflation improved to 3.1% yoy despite higher transport costs Malaysia’s headline inflation rate, as measured by consumer price index (CPI), slowed further to 3.2% yoy in May, after holding at a high of 3.5% for two straight months from February-March 2014 (3.4% in April). This was in line with market expectations. Food prices, which account for 30.3% of the total CPI basket,

Free KLSE real-time stock watch software

Joeharee Matt — Wed, 21 May 2014 09:36:00 +0000

It's useful to have a real-time quote screen where you can easily monitor stocks, even if you are just a casual trader. One way is to go for online trading account with local stockbroker. You can access real-time quote and probably charting facility with the online trading platform. Another way is to get real-time quote screen and various time frame chart is to subscribe to charting

Goldman Sachs - The Naughty, Naughty Bank

Joeharee Matt — Sat, 19 Apr 2014 16:32:00 +0000

Here. first, we got the news that Goldman Sachs bribed the senate for a bail out: After that involved in a financial fraud: Could also involved: Is Goldman responsible for Greek crisis? : For Some Investors, Another Reason to Distrust Wall Street The tumult Friday over fraud accusations against Goldman Sachs is likely to add to the deep mistrust among investors that the

Bursa Malaysia Blue Chips Firm on 2014 1Q Window-Dressing

Joeharee Matt — Tue, 25 Mar 2014 09:16:00 +0000

FBM KLCI Resistance at 1,840, Next at 1,860 BUY Axiata & Genting Bhd for Rebound Blue chips on Bursa Malaysia rose on Monday, copying regional strength after a weak factory survey in China fueled speculation the country will adopt stimulus measures to boost the economy. The KLCI rose 13.37 points to close near session highs at 1,833.85, off an early low of 1,821.03, as

World equity market: Do not worry – it is climbing the wall

Joeharee Matt — Mon, 10 Feb 2014 12:47:00 +0000

FBM KLCI: 1,785.88 (2014 Year-end Target: 1,900 points) The world is transitioning to a more normal monetary as well as macro environment.The US Fed is slowly taking away the QE3 liquidity punchbowl with the pace of monetary normalization “tied to what happens in the economy”. While the recovery in advanced economies has thus far been rather measured,

FBM KLCI Normalizing

Joeharee Matt — Tue, 21 Jan 2014 08:32:00 +0000

After a brilliant 2013, the FBM KLCI may underperform its peers in 2014 Reversion to mean valuation. In our Strategy note dated 8 January, we highlighted that the comparative valuation of the FBM KLCI surpassed all its regional peers and “the glaring disconnect between the valuation of the local benchmark vis-à-vis its regional counterparts leads us to believe

KLCI Technical Reading Summary

Joeharee Matt — Mon, 30 Dec 2013 10:51:00 +0000

Technical indicators for the FBM KLCI have turned bullish following the strong windowdressing surge on blue chips last week, with a fresh daily stochastics buy signal and daily MACD poised to trigger a buy supporting further upside momentum. However, investors should be aware that window-dressing buying may peak on 31 December, hence profit-taking correction

KLCI Rebound On Overnight US Rally

Joeharee Matt — Thu, 19 Dec 2013 10:17:00 +0000

Mild profit taking capped gains on local stocks Wednesday, with losses spotted on selective blue chips and key index heavyweights, while most regional markets were subdued ahead of the US Federal Reserve’s decision on stimulus tapering. The FBM KLCI inched down by 3.4 points to 1,847.50, off a low of 1,841.43 and high of 1,849.43, as losers beat gainers 433 to 326 on trade totaling 1.08bn

Sideways Trading to Extend

Joeharee Matt — Thu, 28 Nov 2013 10:46:00 +0000

Buy IJM Land & Mah Sing for Oversold Rebound The local market extended consolidation on Wednesday with most blue chips stuck in range bound trade, amid the cautious regional tone ahead of the U.S. Thanksgiving holiday on Thursday. The KLCI closed flat again at 1,798.46, off an early low of 1,792.21 and high of 1,799.82, as losers beat gainers 470 to 301 on cautious

Profit-Taking Breather Pending Budget 2014

Joeharee Matt — Fri, 25 Oct 2013 09:50:00 +0000

Buy on Weakness MRCB & Wah Seong Blue chips extended gains Thursday, lifting the FBMKLCI to close at another record high on hopes the contents of Budget 2014 could present goodies to boost economic growth. The index added 4.82 points to settle at 1,818.93, off an early low of 1,817.41 and high of 1,822.17 but losers beat gainers 420 to 345 on slower

Malaysia Market Daily - Rebound on Hints to End of US Debt Deadlock.

Joeharee Matt — Thu, 10 Oct 2013 09:52:00 +0000

BUY AirAsia & Tenaga . FBM KLCI Resistance at 1,780, Support at 1,763 The local stock market fell Wednesday with blue chips suffering losses which forced the benchmark index to close at the day’s low, as investors continued to worry over the protracted US government shutdown and looming debt ceiling deadline crisis. The KLCI lost 8.38 points to end at

Blue Chips Correct while Oil & Gas Stocks Shine

Joeharee Matt — Thu, 26 Sep 2013 12:10:00 +0000

BUY Muhibbah & TH Heavy Banks led blue chips lower for extended correction Wednesday, dampened by overbought conditions and uncertainties over the US Federal Reserve’s stimulus bias and government budget talks, but selective rotational buying interest on oil & gas stocks continued to highlight. The KLCI lost 8.42points to close at 1,784.06, off an early

FBM KLCI Ahead and UMNO Election Rally

Joeharee Matt — Tue, 17 Sep 2013 09:37:00 +0000

The Prime Minister announced last Saturday that the newly minted Bumiputra Economic Empowerment Council will focus on five strategies to give more clout to bumiputra economic empowerment agenda. The announcement that came as a reward for strong bumiputra support in the last 13th GE can be construed as setting the stage right to get the ball rolling before the

FBM KLCI - Sideways on Capital Outflow & Syria Worries

Joeharee Matt — Mon, 09 Sep 2013 10:26:00 +0000

More Consolidation with Downward Bias Blue chips were stuck in range bound trade last week, with the benchmark FBM Kuala Lumpur Composite Index (FBM KLCI) whipsawing as rebound encouraged by better-than expected economic numbers from major global economies failed in attracting strong follow through buying interest. Instead, profit-taking and selling on strength

Malaysia Bursa: Still Early to Bottom Fish?

Joeharee Matt — Mon, 26 Aug 2013 14:22:00 +0000

Aggravated foreign selling on index-linked blue-chip heavyweights pressured the FTSE Bursa Malaysia KLCI (FBM KLCI) sharply lower last week, sliding down for a full closure of the post-elections gap-up prior to a mild technical rebound ahead of the weekend. Key triggers for the foreign selling were sell-offs in neighbouring markets due to reversal of fund flows back to the

Bursa Malaysia - Sentiment Damper From Potential Fed Tapering

Joeharee Matt — Tue, 20 Aug 2013 11:11:00 +0000

SELL AMMB & RHB Capital Blue chips fell into profit-taking correction mode on Monday, but lower liners and smalls cap stocks continued to attract strong rotational trading interest. The KLCI lost 9.88 points to end at 1,778.36, off an early low of 1,771.65 and high of 1,788.43, as losers beat gainers 515 to 339 on extremely heavy trade of 3.15bn shares worth RM2.44bn,

FBM KLCI – Going on its merry way despite the Dow’s drop

Joeharee Matt — Mon, 19 Aug 2013 11:28:00 +0000

Support: 1,723 to 1,788 Resistance: 1,790 to 1,826 FBM KLCI Weekly Chart (click to enlarge): Strategy: The FBM KLCI rose 8.92 points WoW on minor nibbling activities to close at 1,788.24 last Friday despite global volatility. Volume ranged from 1.59b to 2.42b shares traded. The index consolidated in a range of 801 to 936 from Oct 2008 to Apr 2009, but broke above

Buy AZRB & Muhibbah

Joeharee Matt — Thu, 20 Jun 2013 10:24:00 +0000

Softer in Response to US Fed Timeline Stocks remained in base building mode on Wednesday,with most investors sidelined amid the mixed regional tone ahead of the conclusion of a two-day US Federal Reserve policy meeting. The KLCI was stuck in range bound trade before ending 1.17 points lower at 1,772.88, off an early high of 1,782.39 and low of 1,772.07, as losers edged gainers 417 to 352 on

KLCI - Malaysia Is Stable But The World May Be Volatile

Joeharee Matt — Mon, 10 Jun 2013 09:16:00 +0000

FBM KLCI – Stable and strong despite global volatility above: FBM KLCI Weekly Elliot Wave Chart (click to enlarge) Support: 1,718 to 1,775 Resistance: 1,778 to 1,826 Strategy: The FBM KLCI inched up 6.37 points WoW on local buying to close at 1,775.59 last Friday amid global and regional turbulence. Volume ranged from 1.58b to 2.31b shares traded. The wider support areas for the

FBM KLCI Twin Peaks & Theme

Joeharee Matt — Mon, 07 Feb 2011 06:54:00 +0000

That was a nasty correction for those who made entries early January. That's probably after seeing the market gave a great 2011 bullish opening ceremony. Well, KLCI has been creating new historic high again and again, the market need a breather once in a while.KLCI corrected after the bearish Twin Peaks (double top) pattern As you have probably expected, the correction was likely to end in

Happy Belated Birthday to FBM KLCI

Joeharee Matt — Fri, 09 Jul 2010 15:22:00 +0000

Oh, happy belated birthday to FBM KLCI. 6th July 2010 is the first anniversary of the implementation of FBM KLCI (formerly known as KLCI only). If you wasn't there when it started, maybe reading several of my previous articles on FBM KLCI can help you visualize: 1. FTSE Bursa Malaysia KLCI 30 Component Stocks That Made It 2. Last statement by Bursa Malaysia before FTSE BM launched 3.

Malaysia Latest PN17 Companies List and Talam is No More There

Joeharee Matt — Tue, 22 Jun 2010 10:54:00 +0000

Talam is NOT PN17 status company anymore. I hope this will inspire other PN17 status companies such as Evermaster, Hop Hup, HSL, Transmile, Ramunia and WWCable to speed up its regularisation plan. Full updated PN17 list below. Talam Corp Bhd will be free from its Practice Note 17 (PN17) status company effective today. The company told Bursa Malaysia Bhd that with the completion of its

Shocking Penang - Restaurant Re-Use Straw

Joeharee Matt — Fri, 11 Jun 2010 14:52:00 +0000

A penny saved, a penny gained. Following that wisdom, a restaurant outlet in Penang use used straw to gain more penny. GEORGE TOWN: A restaurant here has been caught re-using drinking straws for its customers. Penang Municipal Council officers were horrified when they saw a worker washing the straws during a spot check on eateries in Pulau Tikus on Wednesday. “He told us they were

FBM KLCI and Its 1,300 pt Level

Joeharee Matt — Mon, 07 Jun 2010 09:58:00 +0000

FBM KLCI is at another junction again. Former 1, 300 pt support level is now the main resistance and KLCI is now very, very close to it. If it can break the resistance then it almost back in business. We can see that in a day or two.`Until that hurdle is overcome strongly, expect more bearish mode. I did say ALMOST back in business because it will not be the same. Whether KLCI can re-enter

Malaysia Financial Analysts Be Aware

Joeharee Matt — Thu, 27 May 2010 09:04:00 +0000

Especially for DIY financial analyst, you should be aware of this when looking at the financial earning reports Jan 2010 onwards. Started with Jan-Mac 2010 quarterly , companies report will be according to FRS 13 accounting standard worldwide. FRS 139 refers to the standard for Financial Instruments: Recognition and Measurement which, according to a Deloitte Malaysia report, has far-reaching

FBM KLCI and 200 Day Simple Moving Average

Joeharee Matt — Tue, 25 May 2010 15:01:00 +0000

FBM KLCI breach its 200 day Simple Moving Average Today, morning session close, FBM KLCI has close below the 200 day Simple Moving Average (see the chart below). . 200 day simple moving average (200-day SMA) is a simple technical analysis tool to determine major trend of the market. Moving average is formed by computing the average price of a security over a specific number of periods. When

KLCI Dim Hope For Early Rebound

Joeharee Matt — Fri, 21 May 2010 01:09:00 +0000

At the time of writing this, DJIA is 276 pt lower (2.66%). The downtrend momentum is increasing. No sign of easing yet. That should make Asia region tremble too. Hope of KLCI early recovery by this week is dimmer and dimmer. It is like when you were watching Malaysia vs China Thomas Cup Semifinal, by the time Malaysia first double was losing, you know Malaysia chance of going to final is very

FBM KLCI Largest Dip Ever

Joeharee Matt — Thu, 20 May 2010 04:20:00 +0000

Yesterday KLCI closed 21.94 point lower (close at 1,308.23 pt), that the largest overnight dip ever for FBM KLCI (since implemented 6th July 2009). Look like Bursa Malaysia at last succumbed to external financial crisis. Looking at the intraday action, my expectation of KLCI recovery by end of the week (my previous blog post) is dimmer. I still expect KLCI to rebound (mild one) especially

FBM KLCI expected better toward end of the week

Joeharee Matt — Tue, 18 May 2010 11:57:00 +0000

After a weak rebound (previous KLCI outlook at here) on 7th May 2010, as expected KLCI couldn't break the resistance at 1.350 pt. Already 2 days backtracking toward the minor support near 1315 pt. but I expect KLCI to get better toward end of the week. As at yesterday and morning session today, there are signs buyers (in a small scale) are coming back. Anyway, the overall sentiment since the

Malaysia KLCI: a glimpse of hope for minor rebound next week

Joeharee Matt — Mon, 10 May 2010 01:12:00 +0000

Wall Street is still shaken. So are Asia Market. It was a double digit dip for Dow Jones on the last trading day. Greece debt crisis is keep on haunting. Amidst these, I still expect FBM KLCI shall attempt to rebound next week. That was based on last trading day KLCI and FBM100's action. Note that my bleak KLCI longer term outlook on my last blog post still hold. Based on the last trading

KLCI Bearish Ahead : Technical Evidence

Joeharee Matt — Thu, 06 May 2010 14:03:00 +0000

Yesterday, FBM KLCI closed at 1,335 which is very close to its minor support of 1,330. Today (at morning session close) KLCI was close at 1,336 pt (up 1.05 pt) which is seem a weak attempt to maintain within the 1,330 support. The last 3 price bars seem to be pretty bearish to me considering the sideway mode KLCI have been through since early April. The Andrew Pitchfork lower channel line

FBM KLCI Outlook Brief

Joeharee Matt — Sat, 01 May 2010 07:44:00 +0000

See the above chart, the last day bullish bar is a sign FBM KLCI still refuse to halt it rally. Come financial crisis or high water, FBM KLCI will just take a short breather and then begin to resume. That last bar alone is good enough for analysts to change their mind after saying the market will consolidate. FBM KLCI still within the bullish up trend channels (Andrew Pitchfork channels).

This Analysis is Based On Past Data...

Joeharee Matt — Fri, 30 Apr 2010 15:57:00 +0000

Fundamental Analysis vs Technical Analysis Oh, just like the never ending war in the Middle-East, the war between technical analysis and fundamental/financial analysis believers sill goes on until today. I just can't believe that, they should make love not war. But I want to tell you one thing about these analysts. There all are using past data. Yes, they are all using PAST data to predict

Ringgit Rising is Not helping Bursa Malaysia Equities?

Joeharee Matt — Wed, 28 Apr 2010 11:26:00 +0000

While the Government allay concerns that the appreciating ringgit will affect Malaysia's competitiveness we are concern about Bursa Malaysia's competitiveness. According to Maybank Investment bank, despite funds flowing back substantially into Asian equities in March (USD4b, vs USD2.7b outflows in February), Malaysia continued to experience a fourth consecutive month of foreign funds outflow

Power to KLSE Minority Shareholders - Why So Baffled?

Joeharee Matt — Mon, 26 Apr 2010 09:56:00 +0000

Shouldn't give more power to minority shareholders? SC had recently issued a consultative paper which proposed to raise the shareholder approval level in an acquisition via assets and liabilities from the current simple majority to 75% shareholder approval. Some investment bankers and their advisors have vociferously denounced this proposal as it could lead to giving minorities too much power

Bursa Malaysia Biggest IPO for 2010 is Linked with Jews

Joeharee Matt — Fri, 23 Apr 2010 16:25:00 +0000

If you live in Malaysia, nowadays you just can't escape from Jews-links issues , can you? They said Anwar Ibrahim linked with Jews. They said the Government is linked with Jews via APCO. And now Bursa Malaysia biggest IPO for 2010 is linked with Jews. Yes, the book runners, the coordinator for Masterskill's IPO are CIMB and Goldman Sachs. The founder of Goldman Sachs is Marcus Goldman, a